Your company determined the following pay range associated with a financial service manager: maximum $100,000; midpoint $90,000, and minimum $80,000. What is the range spread percentage for this job?
A) not enough information provided
B) 20 percent
C) 25 percent
D) 22.22 percent

Question

Quizplus · Accepted Answer

The range spread percentage is calculated as ((Maximum - Minimum) / Minimum) * 100. For this job, it is (($100,000 - $80,000) / $80,000) * 100 = 25 percent.

Your Company Determined the Following Pay Range Associated with a Financial